An information technology company, LiveTiles Limited (ASX:LVT) revealed another solid quarter of annualised recurring revenue (ARR) growth.
As at 31 March 2020, ARR reached to $55.2 million, up from $52.7 million reported on 31 December 2019. LiveTiles disclosed that in the last year its ARR has grown by 60% and is up to 4.9x in two years.
The total customer cash receipts rose by 109% on the prior corresponding period (pcp) to $10.9 million.
Notably, the Company reconfirms it has no necessity to raise further capital to fund operating cash burn.
Post announcement, the shares of LVT rose by 7.143% to $0.225, on 29 April 2020 (at AEST 11:52 PM).
There is no investor left unperturbed with the ongoing trade conflicts between US-China and the devastating bushfire in Australia.
Are you wondering if the year 2020 might not have taken the right start? Dividend stocks could be the answer to that question.
As interest rates in Australia are already at record low levels, find out which dividend stocks are viewed as the most attractive investment opportunity in the current scenario in our report.